THQ's spent years walking a fine line between ambitious expansion and a collapse that'd rival even the world's most impressively misguided Jenga towers, but recent events suggested that the videogame Grim Reaper had finally lopped a leg right off the teetering beast. In short, Kevin Dent, industry veteran and CEO of games consultancy firm Tiswaz Entertainment, tweeted the following: “Apparently, The [Warhammer 40K MMO] has been canceled by THQ. I am hearing everything [in 2014 is canceled], they need to preserve cash.” He also alleged that the publisher was selling IPs back to their original owners. Dire straits, right? THQ begs to differ.

“THQ has not canceled its 2014 line-up, and has not made any decisions regarding the planned MMO,” the publisher said in a statement to VG247. “As part of the ongoing review of our business, we have made decisions to ensure that the company is strategically addressing the most attractive markets. As we have previously announced, we have dramatically reduced our commitment to the kids’ boxed games sector which leads to a significantly more focused release schedule moving forward.”

“Our slate for calendar 2012 and beyond is focused on high-quality core games and continues to build our digital platform and business,” it added, also noting the success of recent heavy hitters like Saints Row: The Third.

Granted, no non-suicidal company would come right out and say, “Oh yeah, no, we're toast with a side of impending bankruptcy.” But the Warhammer 40K MMO and THQ's other franchises seem safe for now, and that's all we can really ask for. Well, that and a Homefront sequel that's actually, you know, good, but let's not get ahead of ourselves here.